“Carbon credit prices are now much higher than when the original fixed delivery contracts were signed between suppliers and the Federal Government,” Bowyer added. “It’s highly unlikely the Federal Government will be able to purchase new ACCUs at prices anywhere near the original average of $12.50. Support our work today with a donation or by […]
The issue flared up during the Cop26 climate talks in Glasgow, UK last November. The Integrity Council for the Voluntary Carbon Market emerged from Carney’s taskforce as an independent governance body. On Wednesday, it announced the launch of a public consultation in May to inform “a definitive set of global threshold standards” for carbon credits, […]
But in the unregulated world of crypto, they are vulnerable to scams – and have no recourse if they lose their life savings to bad actors. But establishing the climate impact of a transaction that relies on more than one system gets messy. Climate Home News held a Twitter Space yesterday with three experts to […]
Private investment in gas power generation will be classed as “transitional” provided the plants use an increasing share of cleaner fuels like biogas or hydrogen, under the act approved by commissioners. The decision had been fiercely fought over by EU member states. The International Energy Agency has said that, if global warming is to be […]
Storm Ana has wrought devastation across southern Africa, killing more than 80 and displacing hundreds of thousands of people. Ana made landfall in Madagascar on 24 January, before hitting Mozambique, Malawi and Zambia. The country is still reeling from Cyclone Idai in 2019, one of the worst tropical cyclones on record to hit Africa, which […]
The €6m demonstration project is funded by the European Union and Turkish government. Dan Rutherford is the aviation director of the International Council on Clean Transportation. In 2011, a plane flew from Houston to Chicago powered by fuel which was 40% algae-based and 60% petroleum. Aviation is a notoriously difficult sector to clean up. It […]
At the time, millions of credits from the same project were trading on the market for less than $20 each. To find answers, Climate Home News dived into a community of cryptocurrency investors, connecting on messaging apps Telegram and Discord. Since November 2021, SPE has sold 1,000 limited edition carbon credits as NFTs, from credits […]
And it finalises the most contentious elements of the Paris Agreement rulebook, six years after the landmark deal was done. What it doesn’t do is meet calls for climate reparations, to the dismay of developing countries. Addressing the plenary before the text was adopted, US climate envoy John Kerry said: “There is some discomfort. We […]
As is conventional, each pairing includes one minister from a developed and one from a developing country. As an environment minister from Sweden’s Green Party when this doubling pledge was made, Per Bolund is one of the few developed country ministers with any moral authority on finance. Singapore’s environment minister will co-lead discussions on the […]
They are inextricably linked and must be addressed together and without delay. Keeping global warming to below 1.5C will require businesses of all sizes across all industries and regions to have the courage to go all in on their 2030 commitments to halve emissions and end nature loss across their full value chains. Without nature […]
Unlike with days dedicated to finance and energy, no major announcements have been trailed in advance. The US said this week it would dedicate $3 billion annually for adaptation finance by 2024 pending approval by Congress. That alone won’t be enough to reassure vulnerable nations, which have grown increasingly frustrated with the lack of high-level […]